Today, half of 10-year old children in countries aging the best may live to be 104 years old. 1
By 2030, the global population of people age 65 and older will have grown by 4 times the rate of the overall global population. 2
Low birthrates in developed countries will limit workforce growth from younger workers, so older workers will sustain the size of the workforce.
More workers are migrating or are being hired across borders, creating more ethnically diverse workforces than ever before.3
By 2022, 1 billion women will enter the global workforce.4
Greater globalization and gender equality will create an even more diverse global workforce.
Millennial caregivers in the US provided an average of 21 hours of adult caregiving per week—the equivalent of a part-time job.5
1 in 5 people—or approximately 100 million people—in the European Union are adult caregivers.6
More and more workers will need to balance caregiving responsibilities in addition to their jobs.
By 2030, 85.2 million jobs are forecasted to be unfilled due to a talent shortage. 7 Workers will seek to learn the skills needed for those and other roles.
Automation will reshape the skills required for jobs
Workers require constant learning opportunities from employers and elsewhere to develop the new skills needed to stay competitive.
If faced with a $400 emergency expense, 40% of Americans would respond by either borrowing, selling something, or simply not paying.10
Today, the shortfall of individual savings represents a retirement savings gap of $15 trillion that could widen up to $100 trillion by 2050.11
Earned income from work is a critical component to ensuring financial resilience over the course of workers’ lives.
Organizational tenure: 12 years
Career stage: Mid-career
Life-events: Parenthood
Generation: Millennial
Accessibility: N/A
Chronological age: 33 years
Organizational tenure: 3 years
Career stage: Late career
Life-events: Married
Generation: Gen X
Accessibility: Carpal tunnel syndrome
Chronological age: 47 years
Organizational tenure: 2 years
Career stage: Early career
Life-events: College student
Generation: Gen Z
Accessibility: Visual Impairment
Chronological age: 22 years
Organizational tenure: 23 years
Life-events: Grandparenthood
Generation: Traditionalists
Chronological age: 71 years
Number of years lived since birth
Age relative to transitional events, such as getting married, having children, and retiring
A person's stage in the context of their career or line of work
Birth cohort, including the worldviews and values attributable to macro-level factors, such as economic circumstances and historical events
Physiological changes that affect the ability to work
The length of time spent with an organization